DislikedYou're absolutely right!
But I think I have found another way. We have seen that the levels of demand and supply are working at 100%. Another thing is that some levels are more powerful than others.
The strongest levels are always against the trend! If you take on a weak levels on 1-2 pips it is good too. Although I don't like scalping.
You can see my trading explorer as evidence.
It is open to all here: http://www.forexfactory.com/ruten/21Ignored
DislikedCongratulations Ruten!, for what I see in the trading explorer you're doing very nice from February the 22nd. Looking at your trades, I can see what you mean by looking for 1-2 pips in some levels. If I could ask, how do you predefined risk? I mean, when do you know that a trade is a loser, and you cut the trade? When it breaks the top of the base, as Ken teach us?
About what you say that the strongest levels are against the trend, I suppose there could be different ways, but I thought one of the main thing we are looking for is a small risk...Ignored
DislikedTrading against the trend gives us a great reward.... BUT if the level is correct. Without the experience of no-confidence. Therefore, I analyze a lot of factors.
At first - this is the trend direction and levels.
Second - this is a correlation EUR, GBP, AUD and CAD.
In the third - My intuition, which thinks faster than I
However, I always accept only deal if RR=3:1. But further - depends on the factors that I mentioned.
I'm trying to take all logical levels, because even a weak level may well have to pay. And if I start to doubt it, then...Ignored
DislikedHi all. This trade is so sweet. This time I aim for the BIG profit margin.
Took the trade on m15 tp is supply on 4h. How sweet.. already moved stop to BE. risk/reward more than 1:10 .. maybe a good idea to take more trades with big r/r. what do you think?
I stumbled across this thread last week and have worked through the majority of it and I'm really interested to look further into this type of trading.
I'm a scalper primarily but have always been interested in this style of trading and it's been a long-term goal of mine to crack it. I remember reading the no brainer thread what must be a few years ago now and it making so much sense but I could just never get the support/resistance ideas to work as well in practice as they do in theory. Hopefully this style of supply/demand is the key...Ignored
The second image you posted is really blurry and small - are you able to post a larger image?
DislikedNot sure i want to do this .... LOL
I have spent a lot of time posting charts and trying to help others trade that maybe I am not focusing on me enough , So I think moving forward i will try to analysis every trade . after the fact and put in writing the best i can of my thoughts and what i see as what i did right or wrong. not sure i can post it all but at least i will be seeing my issues in black and white .Ignored